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Brixmor Property Rises 1.21% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Brixmor Property (NYSE:BRX) traded in a range yesterday that spanned from a low of $19.77 to a high of $20.10. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $19.92 on volume of 1.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Brixmor Property share prices have moved between a 52-week high of $20.10 and a 52-week low of $14.11 and are now trading 42% above that low price at $20.10 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.6%.

SmarTrend recommended that subscribers consider buying shares of Brixmor Property on July 31st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.92. Since that recommendation, shares of Brixmor Property have risen 4.8%. We continue to monitor BRX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders brixmor property

Ticker(s): BRX